# Tiffany & Co
### NYSE:TIF
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## Summary
* ETFs holding this stock are seeing positive inflows but are weakening
* Bearish sentiment is moderate
* Economic output in this company's sector is expanding
## Bearish sentiment
Short interest | Neutral
Short interest is moderate for TIF with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
## Money flow
ETF/Index ownership | Negative
ETF activity is negative and may be weakening. The net inflows of $3.24 billion over the last one-month into ETFs that hold TIF are among the lowest of the last year and appear to be slowing.
## Economic sentiment
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating.
## Credit worthiness
Credit default swap
CDS data is not available for this security.
Please send all inquiries related to the report to score@ihsmarkit.com.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to buy Tiffany jewelry outside of its stores in China.

said comparable-store sales in the two-month holiday period ended Dec. 31, declined 2% and added that earnings for fiscal 2018 likely will be toward the lower end of previous guidance of $4.65 to $4.80 a share. Analysts surveyed by FactSet expect Tiffany to report fiscal-year earnings of $4.77 on sales of $4.5 billion. "With continued strong sales growth in mainland China (by a double-digit percentage), solid results in Japan and healthy growth in global e-commerce sales, overall holiday sales results came in short of our expectations which had called for modest year-over-year growth," said CEO Alessandro Bogliolo.

Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more expensive to buy Tiffany jewelry outside of its stores in China. All the uncertainty makes shoppers "more cautious" about spending, says CEO Alessandro Bogliolo.

Like other luxury goods firms, Tiffany relies on spending by China's burgeoning middle class as consumer demand remains subdued in the United States and Europe, weighed down at the moment by uncertainties such as a partial U.S. government shutdown and Britain's plan to exit the European Union. During the crucial November-December period, Tiffany's worldwide same-store sales fell 2 percent while net sales dipped 1 percent, against its expectations of modest increases. Tiffany Chief Executive Alessandro Bogliolo blamed softer spending globally by foreign tourists, primarily Chinese, and "a lot of uncertainties and volatility" which may have hit customer demand in Europe and the Americas.

Tiffany & Co., whose overall holiday sales fell flat, reported double-digit sales growth in mainland China in the final two months of the year -- a welcome sign for retailers after Apple spooked the market earlier this month by warning Chinese demand was waning. “The holiday period has actually been very positive -- China is a big area of focus,” Tiffany’s Chief Executive Officer Alessandro Bogliolo said in an interview Friday.

Shares of Tiffany & Co. slumped 2.7% in premarket trade Friday, after the luxury jewelry retailer reported holiday-period sales that declined from a year ago and provided a downbeat full-year profit and sales outlook. Net sales for the two months ended Dec. 31 fell 1%, while same-store sales declined 2%. For the full quarter, which ends January, the FactSet consensus for net sales of $1.37 billion implies 2.8% growth and for same-store sales is 2.6% growth. Tiffany attributed the disappointing results partly to lower sales to foreign tourists, primarily Chinese, and to softening demand from local customers in the Americas and Europe. For the year, the company expects net sales to increase 6% to 7%, while the FactSet consensus of $4.50 billion implies 7.8% growth. Tiffany now expects 2018 earnings per share at the "lower end" of its previously provided guidance range of $4.65 to $4.80, compared with the FactSet consensus of $4.77. The stock has tumbled 22% over the past three months through Thursday, while the SPDR S&P Retail ETF has lost 6.0% and the S&P 500 has slipped 4.8%.

Tiffany & Co said on Friday that its worldwide same-store sales fell 2 percent during the holiday season, leading the upscale jeweler to temper its expectation for full-year profit. "Overall holiday ...

Shares of Signet have dropped more than 20% in afternoon trading after a report of a major slowdown in holiday sales that promoted a big miss on earnings. "Early improvements in refreshed merchandise assortment, digital marketing and OmniChannel were more than offset by larger-than-expected declines in legacy product lines," CEO Virginia Drosos said in a statement. In contrast to Signet's steep slide, Tiffany shares are rising on the day.

# Tiffany & Co
### NYSE:TIF
View full report here!
## Summary
* Bearish sentiment is moderate and increasing
* Economic output in this company's sector is expanding
## Bearish sentiment
Short interest | Neutral
Short interest is moderate for TIF with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on December 14.
## Money flow
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $11.44 billion over the last one-month into ETFs that hold TIF are not among the highest of the last year and have been slowing.
## Economic sentiment
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating.
## Credit worthiness
Credit default swap
CDS data is not available for this security.
Please send all inquiries related to the report to score@ihsmarkit.com.
Charts and report PDFs will only be available for 30 days after publishing.
This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.